#emini #spfutures #SP500 #ES

Market Summary:

Copper did break down.  Gold down, held the 1922 support. Silver is a new long.

The Crude is looking toppy. Natural retested lows.

The US 30yr Treasury Bond breaks down hard.

The US Dollar futures remain in the move up, but still overbought.

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S&P 500 Futures #ESZ23

Monthly – Monthly support fails. Trade pressures remain up but are turning down. Volumes closed the month of August as bullish. The next target down is 4025. The close below 4373 has confirmed the weekly move lower.

Weekly – The weekly has two weeks of a move down. Trade pressures are still up, but are turning down. Volumes remain bearish. The close below 4583 confirmed the daily move lower. The next target down is 4280. A close above 4602 would confirm any Daily move higher.

Daily – Flat. The close below 4484 did signal lower.  Trade pressures are down. Volumes are bearish. The next target down is 4280. The expected oversold level is 4399. A close above 4537 would signal higher.  The expected overbought level is 4449.

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Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values closed at approximately $109,000. The Year-to-Date portfolio performance is now up 9%.

[The author may have long or short positions in any of the securities mentioned.]